Armada Hoffler Properties (NYSE:AHH) Sees Large Volume Increase Following Dividend Announcement

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) saw unusually-strong trading volume on Tuesday after the company announced a dividend. Approximately 740,185 shares were traded during mid-day trading, an increase of 53% from the previous session’s volume of 484,849 shares.The stock last traded at $10.92 and had previously closed at $10.99.

The newly announced dividend which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date of this dividend is Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is -390.48%.

Analyst Ratings Changes

Several analysts have issued reports on AHH shares. StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

Armada Hoffler Properties Stock Down 0.2 %

The stock has a market cap of $1.04 billion, a PE ratio of -48.90 and a beta of 1.03. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The firm has a fifty day moving average of $10.99 and a 200 day moving average of $11.31.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The company had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $65.01 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Daniel A. Hoffler purchased 95,238 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were bought at an average cost of $10.50 per share, with a total value of $999,999.00. Following the purchase, the director now directly owns 266,647 shares of the company’s stock, valued at approximately $2,799,793.50. This trade represents a 55.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis H. Gartman bought 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were purchased at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the transaction, the director now owns 27,149 shares of the company’s stock, valued at $294,566.65. The trade was a 19.87 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 104,238 shares of company stock worth $1,097,649. 11.90% of the stock is owned by company insiders.

Institutional Trading of Armada Hoffler Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in shares of Armada Hoffler Properties during the second quarter worth about $46,000. KBC Group NV raised its stake in shares of Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,962 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Armada Hoffler Properties during the second quarter worth $55,000. Quarry LP boosted its stake in shares of Armada Hoffler Properties by 446.4% in the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 4,790 shares during the period. Finally, Versor Investments LP acquired a new stake in Armada Hoffler Properties during the 3rd quarter valued at $108,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.